China says Nvidia broke competition rules, extends probe; stock off lows
Investing.com - JMP Securities has reiterated its Market Outperform rating and $20.00 price target on Domo (NASDAQ:DOMO) following meetings with company executives. According to InvestingPro data, analysts maintain a bullish consensus with price targets ranging from $15 to $21, suggesting potential upside from current levels.
The research firm maintained its positive stance after hosting Domo’s CFO Tod Crane and VP of Investor Relations Peter Lowry for investor meetings in Los Angeles last week.
During these meetings, CFO Crane expressed optimism about the company’s performance, noting that "business is good" and highlighting strong incoming leads in the second quarter.
Crane specifically mentioned that he was "excited to see in Q2 was leads coming in strong, the pipeline growing, and AI giving us a good tailwind."
JMP’s decision to maintain its rating comes after Domo stock has increased 119% year to date, significantly outperforming the Russell 3000 index’s 11% gain during the same period. InvestingPro analysis shows the stock currently trading near its Fair Value, with a "FAIR" overall financial health rating. Get access to 8 more exclusive ProTips and comprehensive financial analysis in the Pro Research Report.
In other recent news, Domo Inc. reported better-than-expected results for its second-quarter fiscal 2026 earnings, with non-GAAP earnings per share of $0.02, surpassing the consensus estimates of a $0.05 loss per share. This marks a significant development following their first-ever positive EPS reported during their Q2 2025 earnings call. Despite the positive earnings report, shares fell approximately 13% in after-hours trading. JMP Securities maintained a Market Outperform rating on Domo, keeping a price target of $20.00. Cantor Fitzgerald also raised its price target for Domo to $20.00 from $17.00, citing successful collaborations with major technology partners such as Amazon Web Services and Google BigQuery. Meanwhile, DA Davidson assumed coverage of the stock with a Neutral rating, increasing its price target to $15.00 from $9.00. These developments reflect a mix of optimism and caution among analysts regarding Domo’s financial performance and strategic partnerships.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.